Record Shipments For Apple's iPhone In Q3

After a less successful second quarter (fiscal) for Apple's iPhone, the company has announced record sales figures for the third quarter, with 20.34 million iPhones having been shipped.

The record sales figures represent a 142% growth from the same quarter last year. Although Apple is thrilled with financial 3Q performance, the company will not rest on its laurels, as they are focusing on the autumn release of iOS 5 and iCloud, and quite possibly iPhone 5/4S.

The iPhone 4 has been a tremendous success, Apple reached 226k shipments per day during the third quarter, a considerable growth from the 200k per day in the second quarter. The company's Chief Financial Officer, Peter Oppenheimer said they expect a highly successful fourth fiscal quarter as well, with $25 billion revenue, giving earnings of $5.50 per share.

Out of Apple's overall revenue of $28,571,000,000 almost half (47%) came from iPhone sales, carrier agreements, services and iPhone accessories.

The company's CFO has also indicated that Apple should ship 17.9 million iPhone units this quarter. However, another source claimed that 6-7 million iPhone 5 units are to be shipped in September. So this would mean that shipments for iPhone 4 and iPhone 3GS dropping to 11-12 million units.

Nevertheless, since Oppenheimer's predictions have often been much lower than the actual figure - he had forecast Q3 revenue of just $23 billion compared to the actual $28.5 billion - we could well see a higher number of shipments than he forecasted for this quarter also.